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Nov 8, 2012
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can the markets trust washington after conciliatory gestures from president obama and house speaker john boehner towards solving the nation's fiscal mess? >> we're ready to be led. not as democrats or republicans, but as americans. >> our good old-fashioned bull/bear debate is straight ahead. >>> and deconstructing disney. it's a first-on interview with the magic kingdom's chief bob iger, and his thoughts on earnings and the multibillion dollar deal for lucasfilm. >> it will be a day long remembered. >> that's all ahead on the "closing bell." ♪ ♪ ♪ [ male announcer ] some day, your life will flash before your eyes. ♪ make it worth watching. ♪ the new 2013 lexus ls. an entirely new pursuit. >>> this just occurred to me this morning. do you know that thanksgiving is two weeks from today? >> man. >> it's all upon us. if you're already dreading spending all day with your extended family, fear not. walmart is coming to the rescue. it's announcing it's going to open its doors at 8:00 p.m. >> how is that going to fly with your family? >> who's going to watch football now? >> that's a
can the markets trust washington after conciliatory gestures from president obama and house speaker john boehner towards solving the nation's fiscal mess? >> we're ready to be led. not as democrats or republicans, but as americans. >> our good old-fashioned bull/bear debate is straight ahead. >>> and deconstructing disney. it's a first-on interview with the magic kingdom's chief bob iger, and his thoughts on earnings and the multibillion dollar deal for lucasfilm. >>...
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Nov 5, 2012
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even if obama wins, i don't see much upside. if romney wins because of the optimism that any growth in the economy that would engender, it would be negative for bonds. for me, the trade is very asymmetrical with very little upside in bonds and a lot more downside if -- either way, depending on who wins. >> even if romney wins, you think there's not a lot of upside for stocks? >> well, for stocks i think we're going to get an emotional knee-jerk bounce november, december. i think 2013 is going to be a challenge for no matter who wins. but i think we're going to get a rally, 5%, 10%, if romney wins. on the flipside, if obama wins, a lot of people will be disappointed and they'll have to deal with the stark reality of taxes going higher in 2013 across the board in a very fragile economy. i see a lot of downside the next few months if obama wins. again, this is separate from 2013. >> understood. abigail, let's look at the charts. >> technically i have to take the other side of peter. the reason being, when we look at the s&p 500, we
even if obama wins, i don't see much upside. if romney wins because of the optimism that any growth in the economy that would engender, it would be negative for bonds. for me, the trade is very asymmetrical with very little upside in bonds and a lot more downside if -- either way, depending on who wins. >> even if romney wins, you think there's not a lot of upside for stocks? >> well, for stocks i think we're going to get an emotional knee-jerk bounce november, december. i think...
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Nov 1, 2012
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frankly, i think it's very, very positive for obama. it shouldn't be, necessarily, but it is politically speaking. >> why do you think the hurricane was so positive for the president? >> because it got everybody off of his record. people aren't talking about his record. people aren't talking about what he's done, what he hasn't done. people are talking about the hurricane and they see him standing with people that have serious problems. i mean, it was a very, very big problem. it was a terrible, terrible jolt to the country. but they see him out there standing with people and frankly i think that's probably helping him. it shouldn't be, but it's helping him. >> you know, today you've got governor cuomo saying he'd like the federal government to pick up the tab for all the devastation in new york. you have chris christie saying that the federal government should pick up the tab for the devastation in new jersey. how much do you think all these photo ops with governor christie is worth to christie and his state? >> i think they're worth a
frankly, i think it's very, very positive for obama. it shouldn't be, necessarily, but it is politically speaking. >> why do you think the hurricane was so positive for the president? >> because it got everybody off of his record. people aren't talking about his record. people aren't talking about what he's done, what he hasn't done. people are talking about the hurricane and they see him standing with people that have serious problems. i mean, it was a very, very big problem. it...
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Nov 19, 2012
11/12
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during the president obama years we went from 32% of gdp to 40% of gdp. germany's 42%. we're not far behind them. then you have france and italy and spain -- >> steve, dan, michael, thank you so much, guys. we really appreciate it. >> we have a lot more to say on this topic. >> it's one that could go on for a while here. >> we're heading to -- by the way f we become france and italy, does that mean the bread and cheese and water -- >> 20 minutes to go here, hanging onto those gains. we rallied in the open. the dow's up 177. >> i could see you at a cafe with a cigarette hanging out. >> you haven't seen anything yet. find out why our next guest says even bigger gains are on the horizon if things go the way he thinks they're going. >> walmart moving up its dividend payout from january up to december to avoid the looming fiscal cliff tax increase. should companies and investors be making these huge decisions based on uncertainties? we'll look at that coming up. when you take a closer look... ...at the best schools in the world... ...you see they all have something very inte
during the president obama years we went from 32% of gdp to 40% of gdp. germany's 42%. we're not far behind them. then you have france and italy and spain -- >> steve, dan, michael, thank you so much, guys. we really appreciate it. >> we have a lot more to say on this topic. >> it's one that could go on for a while here. >> we're heading to -- by the way f we become france and italy, does that mean the bread and cheese and water -- >> 20 minutes to go here, hanging...
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Nov 12, 2012
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. >>> president obama vowing to veto any fiscal cliff bill extending tax cuts for people making more than $250,000. was that posturing? is that number about to become $1 million? with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert strategies feature is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> welcome back. shares of d.r. horton down 5% despite earnings that actually beat this morning. cautious comments from the ceo about the economic outlook weighs on the shares today. is the long run for home builders nearing an end? we've seen a big move in these stocks this year. what do d.r. horton's results mean for toll brothers. on the technical side, carter worth with oppenheimer and on the fundamental side of the story, nishu with deutsche bank. let me kick th
. >>> president obama vowing to veto any fiscal cliff bill extending tax cuts for people making more than $250,000. was that posturing? is that number about to become $1 million? with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert...
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Nov 20, 2012
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i mean, president obama just won a decisive election. democrats increased their majority in the senate. the tax rates are expiring. if these tax rates weren't expiring, republicans could hold out for genuine tax reform. i think they need to get ahead of this situation. why not lock in the current rates for everybody under a million and live to fight another day? i think there's more likelihood they'll be able to get genuine tax reform next year if they lock in everybody under a million right now when they have their backs against the fiscal cliff. >> but that's not what they're doing. we doncontinue to see everybody digging in. why should republicans allow the tax increases for highest earners, and why should dems give in on the spending cuts the republicans want? what is it going to take to get these two sides together? >> the democrats should give in. the fact is they should give in because we have an actual fiscal crisis. we have a real debt ceiling. that's the national debt. this is going to, what, chip away 7% of the deficit, lettin
i mean, president obama just won a decisive election. democrats increased their majority in the senate. the tax rates are expiring. if these tax rates weren't expiring, republicans could hold out for genuine tax reform. i think they need to get ahead of this situation. why not lock in the current rates for everybody under a million and live to fight another day? i think there's more likelihood they'll be able to get genuine tax reform next year if they lock in everybody under a million right...
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Nov 2, 2012
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that's a swing state barack obama carried four years ago that mitt romney wants to take away from him. business and other groups allied with the republican campaign are doing the same thing. the u.s. chamber of commerce, though they didn't want us to have a camera in their phone banks, say they're also making millions of calls this weekend. everyone is trying to goose the turnout. the turnout by the two sides is what's going to tell us which of these poll models is correct. the likely voters are something that pollsters can only guess at. they're trying to turn likely voters into actual voters. >> all right, john. thanks so much. we'll keep watching that. very, very important component to this story. >>> 40 minutes before the closing bell sounds on wall street for friday. the market is under pressure today after being up 57 points on the better than expected jobs numbers. a complete reversal. we're looking at a triple-digit decline to end the week. >>> meantime, verizon is warning that now that superstorm sandy could significant hit its bottom line. what about at&t? has it been hit as
that's a swing state barack obama carried four years ago that mitt romney wants to take away from him. business and other groups allied with the republican campaign are doing the same thing. the u.s. chamber of commerce, though they didn't want us to have a camera in their phone banks, say they're also making millions of calls this weekend. everyone is trying to goose the turnout. the turnout by the two sides is what's going to tell us which of these poll models is correct. the likely voters...
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Nov 8, 2012
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that's one i know president obama has talked about. tim geithner has been adamantly opposed to that. you think that's going to happen, jared? >> first of all, the president has a plan to go down to 28%. it does not include territorial. i don't think we're going to go there. nor is anyone interested in repatriation. i would like diana to actually specify -- this is not a got ya. we can talk about this broadening the base. i would like her to specify loopholes that she would like to see closed. >> are you talking about individual or corporate? >> yeah, on the individual side. >> on the individual side i would suggest that people have a certain amount of deductions they can take and they can choose how to do it. so say we say it's $25,000 or $70,000 or $30,000. they can choose do they want to put home mortgage in there, do they want to put charitable dedd deductions in there. then we limit it that way instead of saying we're going to get rid of the charitable contributions. >> i think that's a good idea. >> so we agree on something, jared
that's one i know president obama has talked about. tim geithner has been adamantly opposed to that. you think that's going to happen, jared? >> first of all, the president has a plan to go down to 28%. it does not include territorial. i don't think we're going to go there. nor is anyone interested in repatriation. i would like diana to actually specify -- this is not a got ya. we can talk about this broadening the base. i would like her to specify loopholes that she would like to see...
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Nov 7, 2012
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president obama was re-elected. we keep -- kept hearing nothing could get done until this election was done. well, it is done. and now it's time to put the politics aside and make policy the priority to ensure we are all playing on team america. the only way to do that is to come together. we have a huge opportunity. the corporate sector is strong. we know that. there are estimates of $3.5 trillion in cash on corporate balance sheets right now that money can get begin to go to work once the differences over tax and spending is in the books and histly. that much money will surely gift economy a boost, especially if leads to a spurt of hiring. now we need to see the leadership make it happen. leadership often means comp prom my giving up something to get something. our leaders have an opportunity to create a clear path, that means decisions on the fiscal cliff, where will tax rates be in 2013? where will government spending be deployed and where will it be cut? in his victory speech earthquake the president said we ha
president obama was re-elected. we keep -- kept hearing nothing could get done until this election was done. well, it is done. and now it's time to put the politics aside and make policy the priority to ensure we are all playing on team america. the only way to do that is to come together. we have a huge opportunity. the corporate sector is strong. we know that. there are estimates of $3.5 trillion in cash on corporate balance sheets right now that money can get begin to go to work once the...
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Nov 1, 2012
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indeed, president obama in an interview last week, mentioned that he thinks there will be a solution, a grand bargain, sometime in the first six months of 2013. six months. that's a long time to get this it problem straightened out. >> yeah, so, i mean, if we do get an agreement in six months, does that mean that the u.s. doesn't go into a recession? >> well, first i want to say the metaphor fiscal cliff is probably the wrong one. you step off a cliff, that's your last step. for many politicians, the real metaphor is it's a slope. they gradually go into these tax increases and spending cuts. they feel they can turn around and walk back up the slope, retroactively reverse the changes. in that circumstance, in that scenario, it creates a lot of uncertainty for businesses and for taxpayers. what will our taxes be next year? how are we going to make some plans for our business or personal finances? it's that uncertainty that's going to, i think, have adverse effects for the economy. >> okay. that makes a lot of sense. michael jones, how do you want to invest here with all this? >> i think
indeed, president obama in an interview last week, mentioned that he thinks there will be a solution, a grand bargain, sometime in the first six months of 2013. six months. that's a long time to get this it problem straightened out. >> yeah, so, i mean, if we do get an agreement in six months, does that mean that the u.s. doesn't go into a recession? >> well, first i want to say the metaphor fiscal cliff is probably the wrong one. you step off a cliff, that's your last step. for...
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Nov 14, 2012
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he gives president obama the upper hand. but robert friedman who negotiates mna deals says republicans stand to be the winners. thank you so much for joining us. robert, is it smart negotiating by president obama to now double the amount he wants to raise in tax revenue? is this a scare tactic? >> i think it's brilliant negotiation, really, maria. i think as far as the art of negotiation, which is the topic you introduce, i think there are two keys. one is, do you have leverage over the other side? here it's uncertain who has leverage over whom. if to you don't have leverage, the issue is you got to make the other guy feel good. one way to make the other side feel good is to think that -- is to make the other side think you're giving them something. president obama starting at $1.6 trillion, he's got a lot to give. he's got a lot to make the republicans feel to make john boehner feel that he has put a lot on the table, that he's given up a lot and you ought to be happy because i came down from $1.6 trillion to, let's say, $1
he gives president obama the upper hand. but robert friedman who negotiates mna deals says republicans stand to be the winners. thank you so much for joining us. robert, is it smart negotiating by president obama to now double the amount he wants to raise in tax revenue? is this a scare tactic? >> i think it's brilliant negotiation, really, maria. i think as far as the art of negotiation, which is the topic you introduce, i think there are two keys. one is, do you have leverage over the...
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Nov 12, 2012
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>> well, i think that's what's in effected going to effectively happen with obama care. i mean, you know, you're going to have a 3.8% surtax. i don't know. we'll see. maybe they'll kick the can down the road and we'll become greece. i don't know. >> oh, god. you have -- wow. robert, jump in here, from jensen investment management. i don't know if you heard that question. i've been asking everybody, given the fact dividend payers have been the only place to be because rates are so low and no place in this market to get a yield, unless dividend payers, is now time to unload them or do you want to stick with it and see what happens? >> our focus is different in the sense we continue to focus on companies that have higher return on invested capital. the r.o.e. that sets the stage for companies with strong balance sheets, dividend, share buy backs and then the acquisition. the companies with the higher return for at least one decade, are that they can do all these thing concurrently. we don't think you necessarily have to choose. now, certainly the tax impact will have some b
>> well, i think that's what's in effected going to effectively happen with obama care. i mean, you know, you're going to have a 3.8% surtax. i don't know. we'll see. maybe they'll kick the can down the road and we'll become greece. i don't know. >> oh, god. you have -- wow. robert, jump in here, from jensen investment management. i don't know if you heard that question. i've been asking everybody, given the fact dividend payers have been the only place to be because rates are so...
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Nov 6, 2012
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perhaps a slight edge to obama. they show obama with a four or five-point edge in pennsylvania. if that's not the case, then i think all of these close races we can have some degree of confidence will break towards governor romney. i think we could have an early night. if, on the other hand, the polling in new hampshire is exactly what the vote says, then we could have a long night. so i think if governor romney is going to win, i think we'll know pretty quickly. otherwise, it's going to be a long night. >> yeah, but i mean, do you believe the polls? the polls are basically saying that even if it's just a fractional lead, the president is in the lead. so why would you think that these polls would crack toward romney? >> maria, the polls are a point in time. what matters most is the momentum. i think over the last three days -- and it's the eve of the election. there's no need for any spin. the polls have been open for 11 hours. i honestly think when you look at the crowds that governor romney has been getting, when you look at the body language of governor romney and his entoura
perhaps a slight edge to obama. they show obama with a four or five-point edge in pennsylvania. if that's not the case, then i think all of these close races we can have some degree of confidence will break towards governor romney. i think we could have an early night. if, on the other hand, the polling in new hampshire is exactly what the vote says, then we could have a long night. so i think if governor romney is going to win, i think we'll know pretty quickly. otherwise, it's going to be a...
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Nov 9, 2012
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i hope that president obama, you know, works on that. i think he has been working on that. >> and you've been traveling a lot. i know technology has been important as well. i want to get to that in a moment. you mentioned the fiscal cliff. let's stay there for a moment. what are the implications of going over the fiscal cliff. you've been vocal on this subject. you created a task force. you've take an lead in terms of fixing the debt. what are the implications of going off that fiscal cliff? >> let's separate the two. jpmorgan is one of a couple hundred companies getting involved in fix the debt. it's everybody. there's the long run. so fix the debt is more like a simpson-bowles solution. we need a solution. business generally has been supportive of a solution that fixes the problem. we just want a rational, thoughtful solution. the immediate one is this cliff, which is december 31st, midnight, $600 billion. a static analysis, which says the economy dropped by 3 or 4%. the world isn't static. before december 31st, you might see the effec
i hope that president obama, you know, works on that. i think he has been working on that. >> and you've been traveling a lot. i know technology has been important as well. i want to get to that in a moment. you mentioned the fiscal cliff. let's stay there for a moment. what are the implications of going over the fiscal cliff. you've been vocal on this subject. you created a task force. you've take an lead in terms of fixing the debt. what are the implications of going off that fiscal...
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Nov 5, 2012
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president obama. that's indicative of a obama win. a lot of people noted big dividend players, r echleits, telecom, some argue higher taxes from president obama on dividends, indicate president obama likely victory. bottom line, the markets are not sending a clear signal either way. back to you. >> bob, thank you so much. here's a sobering report on taxes. goldman sachs says it doesn't matter who win. dif dent and capital gains taxes will go up regardless. for president obama we're talking between 20% and 30% or more. for governor romney, we're talking 19% if republicans don't win a majority in the senate. joining me, long-time obama adviser, robert wolf, former chairman of ubs america and now on reuters television. thank you for joining us. do you agree regardless of who takes the white house, investors will see tax increase? >> yes. we're all talking about the fiscal cliff. we need revenues. irrespective of who comes in to fix the debt, you'll have to raise taxes. it's clear to me. how far will they
president obama. that's indicative of a obama win. a lot of people noted big dividend players, r echleits, telecom, some argue higher taxes from president obama on dividends, indicate president obama likely victory. bottom line, the markets are not sending a clear signal either way. back to you. >> bob, thank you so much. here's a sobering report on taxes. goldman sachs says it doesn't matter who win. dif dent and capital gains taxes will go up regardless. for president obama we're...
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Nov 28, 2012
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of course, following the bullish comments from president obama. not all stocks ended the day in the green. let's look at the laggards on the s&p. you have a lot of names that aren't really a surprise to be there. avon, r.r. donnelly. those are your top five losers on the s&p. it you look at the flip side, you have a lot of consumer names. the costcos, jcpenneys and coaches as well. finally, i want to take a look at the banking index. that ended on the highs of the day along with the overall market. we should watch for paul volcker tomorrow on some news potentially about how that regulation is actually going to shape up today. >> thank you, kayla. all right. groupon a big winner today, up 11%. the report says the board is looking to replace the ceo, andrew mason. today, mason spoke out about that report. it was interesting to say the least. julia boorstin has the details. >> that's right. interesting to say the least. ahead of a board meeting tomorrow, groupon ceo andrew mason took the stage at the business insider ignition conference to give a fra
of course, following the bullish comments from president obama. not all stocks ended the day in the green. let's look at the laggards on the s&p. you have a lot of names that aren't really a surprise to be there. avon, r.r. donnelly. those are your top five losers on the s&p. it you look at the flip side, you have a lot of consumer names. the costcos, jcpenneys and coaches as well. finally, i want to take a look at the banking index. that ended on the highs of the day along with the...
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Nov 15, 2012
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the two, of course, chaired president obama's debt commission. two years ago when the plan was presented, it was all but ignored by those in power. joining me now, the two architects behind the plan, former republican senator alan simpson and former chief of staff for democratic president bill clinton erskine bowles. gentlemen, wonderful to have you on the program. i want to first get to this. have either of you or together both of you been asked to participate in any way in these fiscal cliff negotiations? >> i've talked to most of the members of the white house. i met over the last couple of days with what's called the gang of eight, four republican senators and four democrat senators. i'm going to update alan as soon as this ends. >> senator, you have not been involved in these talks so far. >> he's an hour away. i'm all day away. i live in wyoming. today we're 2 1/2 hours late getting out of denver. i have to get my good threads on later. erskine is the numbers guy. he's done this before. he's the last human being on earth to balance the budg
the two, of course, chaired president obama's debt commission. two years ago when the plan was presented, it was all but ignored by those in power. joining me now, the two architects behind the plan, former republican senator alan simpson and former chief of staff for democratic president bill clinton erskine bowles. gentlemen, wonderful to have you on the program. i want to first get to this. have either of you or together both of you been asked to participate in any way in these fiscal cliff...
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Nov 30, 2012
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make the case. >> we know spending has shot way up under president obama. what we know is the sbiet bl entitlement programs are unaffordable as they stand. doesn't mean we need to slash medicare today. i don't know anyone suggesting that. it does mean that this is the time, the opportunity to put in the reforms to slow the growth in those programs so we can afford them for the long run so, in fact, seniors can get the benefits they've been counting on and promising. we can't promise them that now because we can't afford these programs as they currently stand. the fiscal cliff creates the opportunity to force the reforms, to put in the reforms we all know need to be put in to place. that was what bowles/simpson was au about. it's not about today's deficit. it's about the future. the moment is now. >> what about the idea that dean is making. look, this is not the issue in terms of the debt and deficit. why are we putting this on the chopping block? >> well, he's right in one sense. president bush did a very effective job of bringing the budget deficit down un
make the case. >> we know spending has shot way up under president obama. what we know is the sbiet bl entitlement programs are unaffordable as they stand. doesn't mean we need to slash medicare today. i don't know anyone suggesting that. it does mean that this is the time, the opportunity to put in the reforms to slow the growth in those programs so we can afford them for the long run so, in fact, seniors can get the benefits they've been counting on and promising. we can't promise them...
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Nov 29, 2012
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i'm hoping obama is coming to be a great president, which has come to the center. he inherited a bad economy. there's no doubt, right? but we haven't made a lot of progress. we haven't given business a lot of confidence. we have $1 trillion -- >> antagonistic with business. >> we would call it antagonistic. a lot of listening but not a lot of hearing. i'm supposed to go -- i won't say that. >> you're going to go to the white house. >> maybe. >> why would you go to the white house? you think he's listening? all these photo ops with all these ceos. >> do i have to answer this? >> what are they doing? why go? >> because he's the president of the united states. it is the white house. in the case, you can make an impact, you should do it. >> but that's the question. can you make an impact? >> at the moment, it looks like not. again, i said this recently at another conference. if you're a ceo, you're going to get your constituents in a room and not leave. you're not going to get in a plane, bring people in to antagonize the other side as rerecently did. you're going to s
i'm hoping obama is coming to be a great president, which has come to the center. he inherited a bad economy. there's no doubt, right? but we haven't made a lot of progress. we haven't given business a lot of confidence. we have $1 trillion -- >> antagonistic with business. >> we would call it antagonistic. a lot of listening but not a lot of hearing. i'm supposed to go -- i won't say that. >> you're going to go to the white house. >> maybe. >> why would you go to...
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Nov 2, 2012
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unemployment is higher today than when barack obama took office. think of that. >> now, maria, both candidates are going to be in ohio. crucial, all-important ohio, this weekend with just three full campaign days left until election day. there's a lot to be decided here and a lot riding on the next couple days. >> absolutely. thanks very much. my next guest says the jobs numbers are evidence, in fact that, the economy is making steady progress. here to make his case is andy stern. he's former president of the service employees international union. now a senior fellow at columbia university. before we get to that, there have been unconfirmed reports -- thanks for joining us, andy. >> good to be here. >> utility crews from out of state that are not unionized, they're getting a hard time, even turned away, by unionized local crews. have you heard this? what can you tell us? >> i haven't heard this. i would hope it's not true. this is a time -- i grew up in new jersey. i lived in new york. i saw a lot of devastatiodevast. we're all americans. we need t
unemployment is higher today than when barack obama took office. think of that. >> now, maria, both candidates are going to be in ohio. crucial, all-important ohio, this weekend with just three full campaign days left until election day. there's a lot to be decided here and a lot riding on the next couple days. >> absolutely. thanks very much. my next guest says the jobs numbers are evidence, in fact that, the economy is making steady progress. here to make his case is andy stern....
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Nov 16, 2012
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ambassador, obama u.n. a.m. bas door susan rice, said or did not say five days after the tragedy when she went on the sunday talk shows. nbc's "meet the press" specifically, and denied there was al qaeda involvement saying the earlier stories that there had been a riot gone wrong is what u.s. intelligence still believed was the case in libya. petraeus testified, according to those who heard his testimony, that the cia, in fact, believed immediately that al qaeda and another terrorist group was involved and wrote for public consumption some bullet points, which included that assumption by the cia. they went to other agencies quickly so they could get out publicly. five days later, rice denied al qaeda involvement. peter king, the republican from new york, said somebody took out the reference to al qaeda, which had been dumbed down, if you will, to the word extremist and then virtually eliminated from this public, nonclassified report. so, bill, the controversy continues. did susan rice say something publicly that
ambassador, obama u.n. a.m. bas door susan rice, said or did not say five days after the tragedy when she went on the sunday talk shows. nbc's "meet the press" specifically, and denied there was al qaeda involvement saying the earlier stories that there had been a riot gone wrong is what u.s. intelligence still believed was the case in libya. petraeus testified, according to those who heard his testimony, that the cia, in fact, believed immediately that al qaeda and another terrorist...